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The business combination between SilverBox Engaged Merger Corp I (SBEA) and Black Rifle Coffee Company has been completed, resulting in the formation of BRC Inc.. The new entity is expected to receive approximately
SilverBox Engaged Merger Corp I (SBEA) announced that the business combination with Authentic Brands LLC, parent of Black Rifle Coffee Company, has received over 92% approval from stockholders as of February 3, 2022. The transaction is set to close on February 9, 2022, pending customary conditions. Following the merger, PubCo Class A common stock and warrants will be listed on the NYSE under symbols ‘BRCC’ and ‘BRCC WS’ respectively, while SBEA's securities will be delisted from Nasdaq. Additionally, SBEA extended the deadline for stockholders to withdraw redemption requests until February 8, 2022.
SilverBox Engaged Merger Corp I (SBEA) announced that it expects to finalize its business combination with Black Rifle Coffee Company (BRCC) by February 9, 2022. The transaction is projected to generate
SilverBox Engaged Merger Corp I (SBEA) urges stockholders to vote "FOR" the proposed business combination with Authentic Brands LLC, the parent of Black Rifle Coffee Company (BRCC), ahead of the Special Meeting on February 3, 2022. The merger is anticipated to infuse up to $225 million into BRCC, accelerating its digital-first strategy and supporting growth. The transaction values BRCC at a pro forma enterprise value of $1.7 billion, reflecting about four times projected 2023 revenues. Voting instructions are available online.
SilverBox Engaged Merger Corp I (SBEA) announced the effectiveness of BRC Inc.'s registration statement related to its business combination with Authentic Brands LLC, the parent of Black Rifle Coffee Company. The special meeting for stockholder voting is scheduled for February 3, 2022, with a record date of January 3, 2022. The business combination is expected to close post-approval, with the new company listing on the New York Stock Exchange under the ticker BRCC. Stockholders are urged to vote "FOR" all proposals.
Black Rifle Coffee Company (BRCC) announced its Analyst and Investor Day presentation will take place at the ICR Conference in Grande Lakes Orlando, Florida, on January 11, 2022, from 8:00 am to 9:00 am Eastern Time. BRCC is set to become a public company via a merger with SilverBox Engaged Merger Corp I (NASDAQ: SBEA). Key executives including Tom Davin and Greg Iverson will represent BRCC. The presentation will be available via live webcast with a replay afterward on the company’s website.
BRCC focuses on serving premium coffee while supporting veterans and first responders.
SilverBox Engaged Merger Corp I (SBEA) has announced a business combination with Black Rifle Coffee Company (BRCC), aiming to create a high-growth consumer business within a $45 billion market. The merger reflects SBEA's commitment to investor partnership, with over $100 million invested via a forward purchase agreement. BRCC, projected to generate revenues of $230 million in 2021 and $311 million in 2022, benefits from a loyal customer base and sustainable growth potential. The transaction includes innovative capital commitments to ensure financial stability post-merger.
Black Rifle Coffee Company (BRCC) announces its planned public debut through a merger with SilverBox Engaged Merger Corp I (SBEA). This combination is expected to provide up to $225 million to BRCC's balance sheet, potentially valuing the company at $1.7 billion upon closing. With a customer base exceeding 1.9 million, BRCC aims for accelerated growth through a digital-first, omnichannel strategy, as well as increasing its footprint of retail Outposts. The transaction is fully financed with strong investor commitments, ensuring a strategic partnership to enhance shareholder value.
SilverBox Engaged Merger Corp I (NASDAQ: SBEA) received a notice from Nasdaq regarding a violation of Listing Rule 5250(c)(1) for failing to file its Quarterly Report on Form 10-Q for the period ended March 31, 2021. The report, originally due on May 17, 2021, could not be filed due to challenges in preparing certain financial information. Nasdaq has given the Company until July 26, 2021, to submit a compliance plan. If accepted, the Company may gain an extension until November 22, 2021. The notice does not currently affect the trading of the Company's units or stock.
